Mexico 1888-Ho/Mo G/M peso

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from the Stack's Bowers 2019 NYINC sale, lot 41227
Mexico SB119-41227r.jpg

This specimen was lot 41227 in Stack's Bowers NYINC sale (New York, January 2019), where it sold for $9,000. The catalog description[1] noted, "A Second Very Rare Hermosillo Mint Gold Peso, The Finest Certified Example. MEXICO. Peso, 1888-Ho G. Hermosillo Mint. NGC MS-63. Final year of a three year type. Sharp in the centers with few marks over the surfaces and lovely reflective qualities in the fields. One area of notable softness appears near MEXICANA and die adjustment lines, likely the reason for the softness, appear on the opposite side. Overall, a rather presentable example of this VERY RARE date/mint combination; unpriced in the Standard Catalog of World Coins and presently unmatched in quality at either NGC or PCGS. A coin that is certain to attract attention from the specialist collector as such." This specimen is a rare date of a series struck 1875-76 and 1888 at the Hermosillo mint. Mexico City is the commonest mint, followed by Guanajuato, Culiacan, Zacatecas (scarce), Hermosillo (rare), Alamos (rare) and Chihuahua (rare). Even the common dates have low mintages but the type was widely hoarded, making it reasonably available today. Numerous date varieties exist.

Recorded mintage: unknown but few.

Specification: 1.69 g, .875 fine gold, .047 troy oz AGW.

Catalog reference: Fr-162; KM-410.4.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • [1]Ponterio, Richard, Kyle Ponterio, Matt Orsini and Cris Chatigny, The January 2019 NYINC Sale: Ancient Coins, World Coins & Paper Money, Santa Ana, CA: Stack's Bowers LLC, 2018.

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